TORONTO, June 11 /CNW/ -- Uranium Hunter Corporation (OTC Bulletin Board:
URHN) and Sparrowtech Resources, Inc. are pleased to announce the results of
two independent assay and concentration tests completed in late 2008 at the
Eagle Nest Mining Property. The Company recently entered into a Joint Venture
Agreement to acquire 49% interest of the Eagle Nest Mining Property Claims
("Eagle Nest") located in La Paz County, Arizona from Sparrowtech Resources,
Inc.
Mr. Reno Calabrigo, President stated, "These independent results confirm
management's belief that Eagle Nest shows great potential to produce high
levels of gold reserves. According to the results, Eagle Nest is considered to
be heavily mineralized with excellent vein structure running throughout. The
initial metallurgical work also suggests excellent recovery by environmentally
friendly closed loop leaching. As a 'green' mining company, Uranium Hunter is
pleased with these findings and plans to work with Sparrowtech to do further
advance testing on the mine using carbon-neutral processes whenever possible.
Uranium Hunter is also progressing on acquiring further precious metal
properties and will be in a position to announce acquisitions in the near
term."
Assay and Concentration Testing
November 2008 assay reports of samples taken on Eagle Nest by New Verde
River Mining Co. Inc. indicate gold values of 0.666 ounces per ton to 1.100
ounces per ton and silver values of trace amounts to 0.09 ounces per ton.
Separately, Met-Solve Laboratories, Inc. ran two 7 kilo samples for
concentration tests in December 2008. These tests indicated that the
calculated head ore of sample one assayed at 5.3 grams per ton. After
concentrating, sample one assayed at 82.1 grams of gold per ton in the
concentrate. The tails had 1.7 grams of gold per ton remaining.
The tests further indicated that the calculated head ore of sample two
assayed at 9.3 grams per ton. After concentrating, sample two assayed at 142.7
grams of gold per ton in the concentrate. The tails had 1.5 grams of gold per
ton remaining.
About the Company:
Uranium Hunter Corporation (OTCBB: URHN) is an exploration company
primarily targeting the uranium and precious metal industries in the resource
sector. Initially, the Company was founded with the focus of developing a
portfolio of quality uranium exploration properties in East Africa. With the
recent shift in economic conditions, management has decided to diversify the
Company's interests to include the precious metals industry.
For further information on the Eagle Nest Mining Property, please visit
our new website at: www.uraniumhuntercorp.com
Safe Harbor
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities Act of 1933
and the Securities Exchange Act of 1934, as amended by the Private Securities
Litigation Reform Act of 1995. Those statements include statements regarding
the intent, belief or current expectations of Uranium Hunter Corporation and
members of its management as well as the assumptions on which such statements
are based. Prospective investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve risks and
uncertainties, and that actual results may differ materially from those
contemplated by such forward-looking statements. Important factors currently
known to management that could cause actual results to differ materially from
those in forward-statements include fluctuation of operating results, the
ability to compete successfully and the ability to complete before-mentioned
transactions. The Company undertakes no obligation to update or revise
forward-looking statements to reflect changed assumptions, the occurrence of
unanticipated events or changes to future operating results.